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40 Nummi - Anastasius I Dicorus Constantinopolis, Type M, no Officina Letter, Small Module

Issuer Byzantine Empire
Year 498-518
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Value 40 Nummi = 1 Follis (1⁄180)
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Obverse script Latin
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Reverse lettering ☩ M CON
(Translation: M : `40` nummi (= 1 follis). CON(stantinopolis) : Constantinopolis.)
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Additional information

Anastasius I's currency reform of 498 AD was one of the most consequential monetary interventions in Byzantine history — prior to it, copper coinage had become so debased and tiny that market transactions requiring small change were conducted by count rather than weight, with vendors routinely refusing coins outright. The introduction of the large follis with its explicit denomination mark restored functional small-denomination commerce to the eastern empire for the first time in generations.

This small-module variant predates the stabilization of the flan fabric, and the absence of an officina letter places it among the earliest and least systematized issues of the reform series.

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